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Steve Schorer will succeed Stu Shea as chairman, president and CEO of Peraton, effective Sept. 9. Both executives are repeat recipients of the Wash100 Award, which annually recognizes the most influential leaders in the GovCon sector. The portfolio company of Veritas Capital said Tuesday Schorer has more than three decades of experience in leading c...
Cherokee Federal has purchased a majority stake in Advanced Technology Applications through the newly established growth capital firm Sovereign Capital as part of efforts to expand its presence in the federal contracting space. ATA is a small data services company that has provided technical platforms across the areas of data strategy, data engineer...
David Rodgers, a defense industry executive, has joined Ultra Intelligence & Communications as vice president of global sales. Ultra I&C said Tuesday Rodgers will oversee the company’s domestic and international sales initiatives and support business development efforts for the U.S. military and foreign defense ministries. “David...
Houston-based KBR (NYSE: KBR) has finalized its acquisition of LinQuest in a transaction that expands its engineering, data analytics and digital integration capabilities in support of national security space missions. KBR said Tuesday it will start integrating the acquired company into its government solutions segment and defense and intelligence b...
Northrop Grumman (NYSE: NOC) has secured a $197.5 million contract from the U.S. Navy for the full rate production of 56,000 FMU-139D/B bomb tactical electronic fuze systems. The Department of Defense said Tuesday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract also covers 500 FMU-139D/B fuze accessory kits, 50 FMU-139D(D-1)/B...
RTI International and the Department of Defense have signed a cooperative agreement for the former to continue overseeing the Defense Science, Technology, Engineering and Mathematics Education Consortium, or DSEC. The nonprofit research institute said Thursday the potential 10-year, $190 million deal is intended to boost STEM education among K-16 st...
Executive Mosaic’s GovCon Index recorded gains from Tuesday to Friday, ending the week at a record high of $5,538.65. Besides the 2.39% week-on-week gain, the index tracking the stock performances of 30 major government contractors registered a third straight winning week in August and a 4.74% month-on-month gain. Wall Street’s maj...
The State Department has approved a potential $224 million foreign military sale to the Netherlands of Patriot M903 launching stations and related equipment. The Defense Security Cooperation Agency said Thursday the Netherlands requested to purchase two new production launching stations along with equipment and services needed to upgrade existi...
A joint venture of Lockheed Martin (NYSE: LMT) and RTX‘s (NYSE: RTX) Raytheon business has received a potential $1.3 billion follow-on contract from the U.S. Army to produce Javelin missiles and supply related equipment and services for the military branch. The companies said in a joint release published Thursday the follow-on award is part of...
Jason Kim, a more than 20-year aerospace and defense industry veteran, will take on the position of CEO of Firefly Aerospace, a portfolio company of AE Industrial Partners, on Oct. 1. In this capacity, he will oversee a team of more than 700 employees as Firefly prepares to launch its Alpha rocket, Blue Ghost lunar...
